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Press Release
Consign Technology receives investment from Intel Capital

CHENNAI, India -- December 11, 2000 -- Consign Technology will use the funds to open offices in Mumbai and Delhi, and a research and development center in Chennai. As part of the company�s expansion into the Asia Pacific region, the funds will also be used to open an office in Singapore.

Consign Technology is an application service provider (ASP) of online content solutions for finance portals, stockbrokers, banks, distribution and content companies. Offering end-to-end solutions, Consign Technology offers a consultancy service, and builds, administers and maintains customer websites. Finvest 2000, Consign Technology�s flagship product, is a comprehensive financial website building tool, with modules covering equity, mutual funds, foreign exchange, insurance and personal finance.

"This investment will allow us to help expand our operations and further the development of unique products that can be delivered through the rapidly growing ASP model," said R. Raja, managing director of Consign Technology.

"Intel Capital invests in online content companies that will grow the Internet economy," said Avtar Saini, Director of South Asia, Intel. "Bringing financial information online is a powerful consumer and business tool that reflects the breadth of the Internet�s capabilities."

About Consign Technology Pvt Ltd
Consign Technology was founded in February 2000 to provide online content solutions to vertical segments on an ASP model. The company currently focuses on the financial services industry and has established itself as a leader in the segment. Additional information is available at

About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy, including Internet infrastructure, content and services in support of Intel's strategic interests. In Europe Intel Capital invests through Intel Atlantic Inc., a subsidiary of Intel Corporation.

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